Is Lakemore, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lakemore is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Lakemore has remained a Seller's Market.

Key Takeaway

Lakemore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lakemore, OH cost?

Median Sold Price

$180,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$13,000(+7.8%)

Key Takeaway

Homes in Lakemore have sold for 7.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $157.2K$186.4K
+18.5%
3 $168.5K$163.7K
-2.8%
4 $178K$169.9K
-4.6%
5+ $106.5K-
N/A

Median Sold Price Compared To Nearby Cities

Lakemore
+7.8%
Springfield Township
+6.9%

How many homes are available in Lakemore, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
1916-15.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 87
-12.5%
3 98
-11.1%
4 21
-50.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
64-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lakemore, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
42 Days23 Days-45.7%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lakemore are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lakemore, OH

Lakemore, OH has 16 homes on the market. The number of listings in Lakemore, OH decreased by 15.8% between October 2022 and November 2022. The median list price of listings available in November 2022 was $180,000, while the average time on the real estate market was 23 days. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 18.5%, prices of 3 bedrooms properties decreased by 2.8%, prices of 4 bedrooms properties decreased by 4.6%, prices of 5 bedrooms properties increased by 0%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, volume of 2 bedrooms homes went down by 12.5%, the quantity of 3 bedrooms homes went down by 11.1%, volume of 4 bedrooms homes went down by 50%, 5 bedrooms homes did not move. Over 3 listings were sold over their listed price in November 2022 in Lakemore, OH. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.

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